I have been stacking for a few years now. Here is a question that comes up from time to time. At what point to you have enough? My answer has always been you will never have enough, but is this true?
I have heard people give all kinds of answers. I have heard that once you get your total body weight in silver. I have heard your age times 20, I have heard 200oz per family member???
To be honest I really do not have an answer.
Storage does become an issue after a while. I mean I guess you could have a room full of safe's but is that realistic? probably not.
So lets take the question to the steemit community. After all the silver stackers on steemit seems to be fairly large.
Is it
1000oz?
2000oz?
3000oz?
Now this stack is not mine it is from a you tuber by the name if silver slacker. Seeing is how I go by my real name not really to comfortable showing my full stack. If you have not watch any of silver slackers video's, check him out. His stack will blow your mind.
Thanks for the comments and feedback. I am sure that there are alot of people on steemit that has asked this same question.
Follow me @raybrockman
Upvotes for the stack.
I can Never have enough...
Greedy? Maybe? I buy only what I can afford...
One day when the SHTF I want to not only have myself in a well postion but I want to beable to help family/friends who doubted me... @raybrockman
So you have family and friends you look at you like your crazy to. Glad I am not the only one. Always a struggle to get the nonbelievers ti get on board. Thanks for the comment and keep stacking.
I own silver, but it takes up too much space vs gold or crypto....
Thanks for the visit my friend.
keep stacking to the roof haha
I will, but whats enough?
Until you can build the wall of Trump XD
buy more today as it may drop to $17
Bought some last night after the markets reopened. Thanks for the comment.
Enough is one more ounce than what I have at any given point in time. 😎
Thanks for the comment. Sometime i get to focused on silver and may be missing out on some other investment. You know you always have that feeling that it my go up tomorrow so i have to buy more today.
I don't think there is such a thing as enough! Lol
I agree as well but at what point is it not your main focus?
I am not sure. I have been stacking for so long I don't think I could ever have enough or ever think it was enough. I have had lots of investments of the years and Silver had always been the best preforming to be honest with you.
Thanks for the comment my friend.
I'm not sure there is one definitive answer to this question, as there are so many different individual circumstances to be taken into account. Some experts advise holding about 10 percent of your net worth in silver/gold as portfolio insurance against depreciating fiat currencies and possible hyperinflation,etc. I think this is a good starting point. For example if you added up the value of all your assets including stocks/bonds, IRA, 401k, savings account, etc and let's say the total was 200,000, then you would put 10 percent or 20,000 into precious metals. If you had to take some money out of savings or other investments to purchase the PM, it would be well worth it. Then I think diversifying storage rather than keeping it all in one location is a wise idea. Never store in a bank deposit box because you won't be able to access it if the bank goes on one of those notorious bank 'holidays'.
Great comment my friend, appreciate it.
Bro, very valid question! I do not know the objective answer, however my current goals are a reflection of what I heard once about the minimum needed in order to be considered to have a "position" in this commodity and that is 500 oz. Although I ultimately would like to surpass this, I would at the very least like to achieve this number.
There are many different ways of going about it, but if you keep one fact in mind you'll rest easy. Apparently, there only exists enough physical silver for each person in the world to own 1/10 of an oz, if distributed evenly. If you have silver in any quantity, you are FAR better off than most!
Have a blessed day man and keep stacking!!
~Hratch
500 you get that just from your steemit payouts my friend. You are correct about the 1/10of an oz. Don't worry about your goal you will pass right by that.
Not worried! :) That DIP though!! Time for another pickup!!
Yes sir, me too.
I've got about 40 lbs buried. I don't know if the global doom and gloom guys are right about worldwide economic collapse are right or not, but it doesn't hurt to be safe. I've been seeing really positive things about silver going up. Also we bought in at around $20 -$25 oz... and I AIN'T losing money lol!!!
Thanks for the comment my friend.
Thanks for a great post!
Thanks for a comment and visit. Appreciated
Brother Ray,
Your question depends on your personal debt to silver ratio. My opinion is 10/1 is enough at the then present market price. Debt of $5,000 would suggest a stack of 3000 ounces would be sufficient.
Bery good theory. Thanks for the comment my friend.
That's a big stash.
I guess it all depends on your net worth and what % you want to park out of fiat. Cheers
Thanks for the comment my friend.
that stack of silver slackers looks like it is enough. but seriously, i don't have a specific target, just what I can afford and securely store.
Thanks for the visit my friend.
I want my weight in silver, or enough for a nice downpayment on a house - Whichever comes first!
Silver check, food check, water check, fire arms double check. Thanks for the comment my friend.